Last $1.79 USD
Change Today +0.05 / 2.87%
Volume 2.6M
MCP On Other Exchanges
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

molycorp inc (MCP) Snapshot

Open
$1.74
Previous Close
$1.74
Day High
$1.80
Day Low
$1.71
52 Week High
09/24/13 - $7.78
52 Week Low
07/10/14 - $1.61
Market Cap
438.1M
Average Volume 10 Days
5.0M
EPS TTM
$-1.49
Shares Outstanding
244.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MOLYCORP INC (MCP)

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molycorp inc (MCP) Details

Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, including light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium/praseodymium; heavy rare earth concentrates, which include samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX, a line of rare earth-based water treatment products. This segment’s products are used in oil refinery catalyst, glass polishing, automotive, water purification, and energy efficiency lighting applications. This segment also owns and operates the Molycorp Mountain Pass facility, an open-pit mine containing rare earth elements deposits in San Bernardino County, California. Its Chemicals and Oxides segment produces REO, and other custom engineered materials, salts of rare earth elements, zirconium-based engineered materials, and mixed rare earth/zirconium oxides for various applications, such as catalytic converters, computers, television display panels, optical lenses, mobile phones, electronic chips, and others. The company’s Magnetic Materials and Alloys segment produces Neo Powders for use in micro motors, precision motors, sensors, and other applications; and neodymium and samarium magnet alloys, other specialty alloy products, and rare earth metals for use in computing, automotive, aerospace, health care, industrial motors, wind power generation, battery technologies, consumer electronics, and home appliance markets. Its Rare Metals segment produces, reclaims, refines, and markets gallium, indium, rhenium, tantalum, and niobium for use in wireless technologies, light-emitting diode, flat panel display, turbine, solar, catalyst, steel additive, electronics, and other applications. The company sells its products directly to customers; and through distributors. Molycorp, Inc. was founded in 2010 and is headquartered in Greenwood Village, Colorado.

2,580 Employees
Last Reported Date: 03/3/14
Founded in 2010

molycorp inc (MCP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $397.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $403.5K
Senior Vice President of Finance and Treasure...
Total Annual Compensation: $466.0K
Executive Vice President and General Counsel
Total Annual Compensation: $333.7K
Compensation as of Fiscal Year 2013.

molycorp inc (MCP) Key Developments

Molycorp, Inc. Announces Commitment for a $400 Million Financing Arrangement

Molycorp, Inc. announced that it has entered into a commitment letter to secure a $400 million financing arrangement with funds managed by Oaktree Capital Management, L.P. Under the arrangement, Oaktree will provide Molycorp and certain of the company's subsidiaries up to $400 million in secured financing through credit facilities and the sale and leaseback of certain equipment at the company's Mountain Pass facility. $250 million of the Financings will be available to be borrowed at the closing of the Financings, with the remaining $150 million available until April 30, 2016 if Molycorp satisfies certain financial and operational conditions.

Molycorp, Inc. Announces Consolidated Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Operating Results for the Second Quarter Ended June 30, 2014; Reports Inventory Write-Downs for the Quarter Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

Molycorp, Inc. announced consolidated unaudited financial results for the second quarter and six months ended June 30, 2014. Net revenues for the second quarter were $116.9 million, a 1% decrease from the first quarter 2014 of $136.11 million. Operating loss was $48.735 million against $58.879 million a year ago. Loss before income taxes and equity earnings were $89.724 million against $70.935 million a year ago. Net loss attributable to Molycorp stockholders was $83.899 million against $71.175 million a year ago. Loss attributable to common stockholders was $83.899 million or $0.37 diluted per share against $74.021 million or $0.44 diluted per share a year ago. Adjusted net loss was $64.508 million or $0.29 diluted per share against $54.267 million or $0.34 diluted per share a year ago. Negative OIBDA was $21.399 million against $32.177 million a year ago. The company used $73 million in cash for operations during the quarter. The company also spent $15 million for cash capital expenditures, of which $12 million was at Mountain Pass, in line with estimates. Adjusted net loss attributed to common stockholders was $64.51 million against $57.113 million a year ago. Negative adjusted OIBDA was $1.96 million against $10.84 million a year ago. For the six-month period, the company reported that net cash used in operating activities was $118.248 million against $74.041 million a year ago. Capital expenditures were $44.687 million against $264.726 million a year ago. For the quarter, the company reported resources was 974 metric tons against 1,049 metric tons a year ago. Chemicals and oxides were 1,582 metric tons against 1,266 metric tons a year ago. Magnetic materials and alloys were 1,383 metric tons against 1,485 metric tons a year ago. Rare metals were 79 metric tons against 92 metric tons a year ago. Resources ASP was $10.30 per kilogram against $16.77 a year ago. Chemicals and oxides ASP was $30.74 per kilogram against $32.76 a year ago. Magnetic materials and alloys ASP was $39.31 per kilogram against $44.52 a year ago. Rare metals ASP was $201.81 per kilogram against $264 a year ago. For the quarter, the company reported inventory write-downs (Mountain Pass) of $16.593 million compared to $14.330 million a year ago. For the full year 2014, the company anticipates capital expenditures will be $40 million across the entire organization.

Molycorp, Inc. to Report Q2, 2014 Results on Aug 06, 2014

Molycorp, Inc. announced that they will report Q2, 2014 results After-Market on Aug 06, 2014

 

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